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Compute the change in net income

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Reference no: EM133132622

Question - Ricard Packing Products asks you to compare Net Income for the company's Flexible Budget with the Actual Results. Consider the following:

Planned sales: 10,000 units with a sale price = $50.00

Actual sales: $495,000 with a sale price = $55.00

Contribution margin %: Plan = 32.0%; Actual = 34.0%

Fixed expenses: Plan = $90,000; Actual = $120,000

Compute the change in Net Income between the Flexible Budget and Actual Results.

Decrease income 5700

Increase income 12300

Decrease income 14000

Increase income 48000

Reference no: EM133132622

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